Invesco Dorsey Wright Emerging Markets Momentum

PIE • NASDAQ

Invesco Dorsey Wright Emerging Markets Momentum is an exchange-traded fund on NASDAQ. As of Q3 2025, 58 institutional investors hold shares in this ETF, with total holdings valued at $74.6M. RAYMOND JAMES FINANCIAL INC is the largest holder with a position valued at $21.2M.

Overview

Overview of institutional ownership in PIE as of Q3 2025

All Institutions

Institutions: 58
Value Held: $74.6M
Shares Held: 3.1M
Avg Position: $1.3M
Median Position: $331.4K

Hedge Funds

Hedge Funds: 1
Value Held: $288.7K
Shares Held: 11.8K
Avg Position: $288.7K
Median Position: $288.7K

Biggest Investors

Institutions with the largest positions in PIE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$21.2M 0.01% of portfolio	869.2K shares	Q4 2024 Held for 11 months	$310.43B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$13.3M 0.00% of portfolio	546.7K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$5.3M 0.00% of portfolio	217.9K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
UBS Group AG Institution	Sergio P. Ermotti CEO	$4.7M 0.00% of portfolio	193.2K shares	Q4 2014 Held for 10y 11m	$511.54B
CFG Asset Management LLC RIA/Wealth	Joseph Samuel Rizzello CEO	$4.5M 0.30% of portfolio	183.5K shares	Q4 2013 Held for 11y 11m	$1.5B
M Maltin Wealth Management, Inc. Institution	-	$3.9M 1.76% of portfolio	161.2K shares	Q4 2019 Held for 5y 11m	$223.6M
L LPL Financial LLC Institution	-	$1.7M 0.00% of portfolio	68.6K shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
Cambridge Investment Research Advisors, Inc. RIA/Wealth	Amy Lynn Webber CEO	$1.4M 0.00% of portfolio	58.7K shares	≤ Q2 2013 Held for 12y 5m+	$33.5B
Prospera Financial Services RIA/Wealth	Jared Corey Kushner CEO	$1.4M 0.02% of portfolio	57.7K shares	≤ Q2 2013 Held for 12y 5m+	$5.8B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$1.3M 0.00% of portfolio	54.5K shares	Q1 2021 Held for 4y 8m	$341.99B

Net Capital Flow

Institutional buying and selling activity for PIE in Q3 2025

Traded: +$2.4M
Buyers: 28
Sellers: 19
Total Bought: +$18.7M
Total Sold: −$16.3M
Avg Position: $1.2M

Biggest Buyers

Institution	Net Bought	Current Position
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$7.5M +307.2K shares	$21.2M 869.2K shares
WELLS FARGO & COMPANY/MN Institution	+$6.8M +280.6K shares	$13.3M 546.7K shares
S STIFEL FINANCIAL CORP Long Only Manager	+$876.8K +35.9K shares	$1.3M 54.4K shares
O OLD MISSION CAPITAL LLC Institution	+$656.8K +26.9K shares	$656.8K 26.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$452.5K +18.5K shares	$452.5K 18.5K shares
P Private Advisory Group LLC RIA/Wealth	+$325.8K +13.4K shares	$325.8K 13.4K shares
CFG Asset Management LLC RIA/Wealth	+$310.5K +12.7K shares	$4.5M 183.5K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	+$309.1K +12.7K shares	$760.2K 31.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$288.7K +11.8K shares	$288.7K 11.8K shares
Cetera Investment Advisers RIA/Wealth	+$266.2K +10.9K shares	$266.2K 10.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
M Holdings Securities, Inc. RIA/Wealth	−$9.1M −372.5K shares	$956.9K 39.2K shares
J JANE STREET GROUP, LLC Institution	−$3.3M −135.1K shares	$664.3K 27.2K shares
Del-Sette Capital Management, LLC RIA/Wealth	−$2.8M −114.4K shares	$578.3K 23.7K shares
MORGAN STANLEY RIA/Wealth	−$285.8K −11.7K shares	$5.3M 217.9K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$282.4K −11.6K shares	$1.3M 54.5K shares
L LPL Financial LLC Institution	−$244.0K −10.0K shares	$1.7M 68.6K shares
B BENJAMIN EDWARDS INC Institution	−$102.8K −4.2K shares	$213.4K 8.7K shares
Lunt Capital Management, Inc. RIA/Wealth	−$90.3K −3.7K shares	$828.3K 33.9K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	−$48.1K −2.0K shares	$1.4M 58.7K shares
R ROYAL BANK OF CANADA Institution	−$22.3K −912.0 shares	$1.1M 43.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PIE in Q3 2025

New Positions: 3
New Value: $537.5K
Exited Positions: 2
Exited Value: $15.0K

New Positions

Institution	Position Value
P Private Advisory Group LLC RIA/Wealth	$325.8K 13.4K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	$208.3K 8.5K shares
AE Wealth Management LLC RIA/Wealth	$3.4K 140.0 shares

Exited Positions

Institution	Previous Position
Park Square Financial Group, LLC RIA/Wealth	$9.3K 444.0 shares
Ameritas Advisory Services, LLC RIA/Wealth	$5.7K 273.0 shares

Options Activity

Institutions with the largest Call and Put options positions in PIE as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with PIE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M Maltin Wealth Management, Inc. Institution	-	1.76% $3.9M	161.2K shares	Q4 2019 Held for 5y 11m	$223.6M
Del-Sette Capital Management, LLC RIA/Wealth	Iii Hermes Del-Sette Managing Partner	0.36% $578.3K	23.7K shares	Q2 2024 Held for 1y 5m	$160.9M
W Whipplewood Advisors, LLC RIA/Wealth	Joseph Ernest Hubbard Member	0.33% $497.3K	20.4K shares	Q4 2024 Held for 11 months	$152.0M
Lunt Capital Management, Inc. RIA/Wealth	John Larry Lunt President	0.32% $828.3K	33.9K shares	Q2 2025 Held for 5 months	$259.8M
CFG Asset Management LLC RIA/Wealth	Joseph Samuel Rizzello CEO	0.30% $4.5M	183.5K shares	Q4 2013 Held for 11y 11m	$1.5B
MorganRosel Wealth Management, LLC RIA/Wealth	David Baldwin Morgan Managing Partner	0.28% $1.1M	43.7K shares	Q4 2018 Held for 6y 11m	$385.9M
Trueblood Wealth Management, LLC RIA/Wealth	Phillip Geoffrey Trueblood CCO	0.27% $697.1K	28.6K shares	Q4 2023 Held for 1y 11m	$256.4M
M Holdings Securities, Inc. RIA/Wealth	Michael Ski Schoonmaker CEO	0.21% $956.9K	39.2K shares	Q4 2022 Held for 2y 11m	$458.0M
P Private Advisory Group LLC RIA/Wealth	S Christopher Bean CEO	0.03% $325.8K	13.4K shares	Q3 2025 Held for 2 months	$1.2B
O OLD MISSION CAPITAL LLC Institution	-	0.03% $656.8K	26.9K shares	Q3 2025 Held for 2 months	$2.4B